FY2024 Earnings Forecast for TSE:BYD Issued By Desjardins

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Desjardins reduced their FY2024 earnings per share (EPS) estimates for Boyd Group Services in a note issued to investors on Tuesday, November 5th. Desjardins analyst G. Ho now anticipates that the company will earn $1.86 per share for the year, down from their previous estimate of $2.88. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services’ FY2025 earnings at $3.80 EPS and FY2026 earnings at $5.55 EPS.

Boyd Group Services (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

A number of other equities research analysts have also weighed in on BYD. Stifel Nicolaus lowered their target price on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. BMO Capital Markets lowered their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday. Royal Bank of Canada cut their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. National Bankshares decreased their price target on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Finally, Raymond James dropped their price objective on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Stock Down 1.2 %

Boyd Group Services stock opened at C$217.42 on Friday. The firm has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The firm’s fifty day moving average price is C$213.62 and its two-hundred day moving average price is C$233.25. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

Insider Buying and Selling

In related news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by insiders.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s payout ratio is 16.00%.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.